 "Groupon debuts with a bang, here are some key facts")
Groupon Inc, the world’s largest daily deals company, debuted on Nasdaq with a bang on Friday, with its stock rising as much as 56 percent and with the company approaching $20 billion in market capitalisation.
Much of that early exuberance may have come from limiting the fraction of the company that was sold.
Following are some facts about Groupon:
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Launched: October 2008
Headquarters: Chicago
Scope: operates in 45 countries
Employees: 10,418 as of 30 Sept
Customers: 29.5 million as of the end of Q3 2011
Repeat customers: 16 million since 1 Jan, 2009
Gross billings: $1.16 billion in Q3, up 25 percent from Q2
Q3 net revenue: $430.2 million, up 10 percent from Q2
Average revenue per Groupon web coupon sold: $13 in Q3, up from $12.10 in Q2
Q3 results: Loss of $1.7 million on a pro forma operating basis, down from $62.3 million in Q2
Cash and equivalents, 30 Sept: $243.9 million
Total assets, 30 Sept: $795.6 million
Total liabilities, 30 Sept: $811.2 million
IPO facts (before greenshoe):
• Biggest IPO by a US Internet company since Google Inc
• Planned IPO size in June: up to $750 million
• Final IPO size: $700 million
• Final price: $20 a share, up from $16 to $18 originally
• Final offering size: 35 million shares, up from 30 mln
• At 5.5 percent, is second smallest US float in a decade
Sources: SEC filings, Groupon
Reuters